2-bed · 1,475 sqftRoyal Bay, Palm Jumeirah · 6th floor · completed 2017

608, Royal Bay

Sold prices and rental history: sold once, by the developer in June 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 23 March 2023
Last soldAED 4.08M13 June 2017
Current rentAED 109K /yr23 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Royal Bay

What is 608 worth today?

Last sold for AED 4,076,156 in 2017

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23 Mar 2023RentedRenewal
AED 109,250/yr12 months · AED 74 per sqft
23 Mar 2022RentedRenewal
AED 95,000/yr12 months · AED 64 per sqft
23 Mar 2021RentedNew contract
AED 95,000/yr12 months · AED 64 per sqft
13 Jun 2017Sold by developerOff-plan
AED 4,076,156AED 2,763 per sqft

Source: Dubai Land Department. Updated 23 March 2023.

Key facts

Type
2-bed hotel apartment
Size
1,475 sqft
Floor
6th of 9
Parking
B-58
Developer
Azizi Developments
Completed
2017
Service charge
AED 30,900 /yr
Last sold
AED 4.08M · June 2017
Building
Royal Bay

About 608, Royal Bay

608 is a two-bedroom hotel apartment of 1,475 sqft on the 6th floor of Royal Bay, a 9-storey tower in Palm Jumeirah completed in 2017 by Azizi Developments. The developer sold it on 13 June 2017 for AED 4,076,156, or AED 2,763 per sqft, 16% above the AED 2,377 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 23 March 2023, is AED 109,250 a year: a gross yield of 2.7% on the 2017 price, before the service charge of about AED 30,900 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical two-bed in Royal Bay
2M3M4M2016201920222025Typical sale price by year: 2016 AED 3,398,435; 2017 AED 3,433,059; 2019 AED 3,184,600; 2022 AED 2,175,000; 2024 AED 2,961,180; 2025 AED 3,475,000Sold by developer, June 2017: AED 4,076,156 (AED 2,763 per sqft)

608 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 608, each contractTypical two-bed in Royal Bay
100K150K2018202120242027Typical rent by year: 2018 AED 135,000; 2019 AED 127,500; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 135,000; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 165,000; 2026 AED 182,500New contract, March 2021: AED 95,000 a yearRenewal, March 2022: AED 95,000 a yearRenewal, March 2023: AED 109,250 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Royal Bay, and where 608 sits

All 30 2-beds →

608 last sold in June 2017 at AED 2,763 per sqft, 16% above what two-beds in Royal Bay were fetching at the time (AED 2,377). Over the last 12 months two-beds sold for AED 2,800,000 to 3,600,000, around AED 2,126 per sqft, and rent for AED 135,000 to 210,000 a year. 608's AED 109,250 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20262,800,000
7 Jan 20262,800,000
10 Dec 20253,600,000
10 Dec 20253,550,000
4 2-bed sales in the last 12 months

Royal Bay

Building

90 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2017 by Azizi Developments. 8 sold in the last 12 months.

Typical price per sqft
AED 2,245
Typical sale
AED 2.8M
Typical rent
AED 118K /yr
Typical yield
5.4%
Royal Bay, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 90 units in Royal Bay
Value
6011-bedAED 2M · Dec 2023
6021-bedAED 2.45M · Jul 2017
6032-bedAED 2.8M · Mar 2026
6041-bedAED 1.35M · May 2021
6051-bedAED 1.67M · Aug 2024
6061-bedAED 1.6M · Apr 2024
6071-bedAED 1.47M · Feb 2023
1–7 of 10

608, Royal Bay in numbers

  • Sold once: by Azizi Developments on 13 June 2017 for AED 4,076,156, or AED 2,763 per sqft.
  • Rented since March 2021 on 3 Ejari contracts, from AED 95,000 to AED 109,250 a year.
  • At AED 109,250 a year the gross yield on the 2017 price is 2.7%, before a service charge of about AED 30,900 a year (AED 20.94 per sqft).
  • Two-beds in Royal Bay sold for AED 2,800,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,245 per sqft.

Source: Dubai Land Department. Updated 23 March 2023.

Questions about 608, Royal Bay

What did unit 608 last sell for?

AED 4,076,156 on 13 June 2017, sold by the developer: AED 2,763 per sqft for 1,475 sqft. It is the only registered sale of the unit.

What is the rent for unit 608?

AED 109,250 a year on the contract renewed on 23 March 2023. The previous contract, from March 2022, was AED 95,000; the unit has been rented since March 2021.

How big is unit 608?

1,475 sqft (137.0 sqm): a two-bedroom hotel apartment on the 6th floor of a 9-storey tower completed in 2017.

What is unit 608 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Royal Bay sold for AED 2,800,000 to 3,600,000 in the last 12 months, around AED 2,126 per sqft.

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Mortgage on 608, Royal Bay

Starts from the last sale price (AED 4.08M, 13 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,076,156
Deposit, UAE resident (20%)
AED 815,231
Deposit, non-resident (40%)
AED 1,630,462
Monthly over 25 years at 3.7%
AED 16,677

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →